Howard Kennedy acts for Octopus Apollo VCT on proposed merger and 2017 issue

Law Firm Howard Kennedy is acting for Octopus Apollo VCT plc on the issue of its 2017 prospectus and on its proposed merger with Octopus Eclipse VCT plc.

Its 2017 issue will see Octopus Apollo VCT target a fundraise of £20m, with the proposed merger with Octopus Eclipse VCT bringing efficiencies in the annual running and administration costs whilst enabling it to spread portfolio risks across a broader range of investments.

Octopus Apollo VCT is one of the largest VCTs in the UK, delivering significant benefits for its shareholders and the companies it backs. Over the past five years Octopus Apollo VCT has invested into a number of successful UK companies including:

  • Clifford Thames – a software and consultancy company that enables motor car dealerships to better sell replacement parts. Clifford Thames’s customers include Ford, GM Europe, Jaguar Land Rover, Mercedes Benz and Renault.
  • Countrywide Healthcare Supplies – a one stop shop for the UK’s rapidly expanding care home sector, providing everything from medical supplies, cleaning products and furniture.
  • ISG Technology – who design and install wireless network systems for large multi-site retailers, such as Tesco, Next and Selfridges.

Howard Kennedy is the only English law firm able to act as both sponsor, through Howard Kennedy Corporate Services, and legal adviser to VCTs. The firm dominates the VCT market, acting for 80% of all VCTs coming to market in the past four years and nine of the 10 largest VCTs by funds under management.

Partner Stephen Heinemann led the Howard Kennedy team, which included Partner and Head of Capital Markets, Keith Lassman and capital markets associate Sian Dewing.

Stephen said:


Stephen Heinemann, Partner
VCTs are the engines of the UK economy providing businesses with the investment and support they need to compete on the domestic and international stage, and Octopus Apollo VCT is one of the largest. We are delighted to be part of the team delivering its 2017 prospectus and its merger.
Stephen Heinemann, Partner

In the 2015/16 season, which closed in April, Howard Kennedy acted for 16 individual VCTs seeking to raise a total of £421.7 million – one of the most successful years on record.

About Howard Kennedy

About Howard Kennedy

Howard Kennedy has 53 partners and numbers 350 people in total and works alongside national and international clients across many disciplines, including banking, corporate and commercial, family, finance, employment, dispute resolution, intellectual property, private client, real estate and tax. Howard Kennedy has particular focus on the Financial Services, Media and Technology, Real Estate, Retail and Leisure, Sports Individuals sectors.


Maitland, Public Relations

Daryl Atkinson, Business Development & Marketing DirectorHoward